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Chicago corn futures held near a four-year low on August 27 after touching $3.85 a bushel the previous day. Wheat and soybeans eased amid plentiful global supplies.
Traders pointed to record US production and farmer selling of old-crop supplies.
Global oversupply across corn, wheat and soybeans keeps grain prices near multi-year lows, which favors lower feed costs for buyers. Limited downside is expected from current levels.
brecorder.comReutersAug 27, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
